June 2018 Home Sales

June sales were a bit slower on the west side of Madison this year, primarily due to the continued tight inventory.  Here's what sold in early June.

625 N Segoe Rd Unit 900 Madison, WI

Sold: n/a

3 Bed, 3 Bath	Built in 2009
Sold On 06/01/18	2596 sqft
Price/sqft: n/a

1706 Regent St Madison, WI

Sold: n/a

3 Bed, 2 Bath	Built in 1914
Sold On 06/01/18	1678 sqft
Price/sqft: n/a

3910 Fern Ct Madison, WI

Sold: $385,100

3 Bed, 2 Bath	Built in 1951
Sold On 06/01/18	1816 sqft
Price/sqft: $212

1121 Valley Stream Dr Madison, WI

Sold: $287,000

3 Bed, 2 Bath	Built in 1964
Sold On 06/01/18	1483 sqft
Price/sqft: $194

6955 Park Ridge Dr Madison, WI

Sold: $145,000

2 Bed, 2 Bath	Built in 1980
Sold On 06/01/18	1059 sqft
Price/sqft: $137

7106 Farmington Way Madison, WI

Sold: $325,000

4 Bed, 3 Bath	Built in 1978
Sold On 06/01/18	2193 sqft
Price/sqft: $148

2705 Gregory St Madison, WI

Sold: $516,000

3 Bed, 3 Bath	Built in 1929
Sold On 06/01/18	1978 sqft
Price/sqft: $261

1 N Rosa Rd Madison, WI

Sold: $165,000

3 Bed, 1 Bath	Built in 1952
Sold On 06/01/18	912 sqft
Price/sqft: $181

133 Ponwood Cir Madison, WI

Sold: $179,900

2 Bed, 2 Bath	Built in 1989
Sold On 06/01/18	1113 sqft
Price/sqft: $162

4501 Windigo Trl Madison, WI

Sold: $30,000

3 Bed, 1 Bath	Built in 1958
Sold On 06/01/18	1450 sqft
Price/sqft: $21

Real Estate Market-Same Story, Different Day

The strong economy and low unemployment rate, coupled with tight supply, has driven home prices up at a rate well above the annual inflation rate, according to the Wisconsin REALTORS Association.

Annual inflation hit 2.9 percent in June, up about 1 percent from last September. Home prices have increased at a rate between 4.6 and 8.1 percent over the last nine months.

Home sales fell to approximately 9,200 in June, down nearly 12 percent from June 2017, and median prices rose more than 5 percent in Dane County, $277,861, up from $262,000 in 2016. It’s a trend that has been particularly tough on first-time homebuyers — the market has been tightest for homes under $200,000.

The trend isn’t just unique to Wisconsin — it’s nationwide. Real estate trade groups in California, Florida and Illinois recently released near-identical data.

 At times like these, it is more important than ever to have a seasoned professional on your side to help navigate the rapidly changing currents within the real estate industry. Call me at 608-333-4406 and let's talk!

Briar Hill Contemporary!

Contemporary home in eclectic and whimsical Briar Hill. Incredible spaces with soaring ceilings, funky angles, skylights, and peaceful spots to enjoy morning coffee or afternoon tea.

This three bedroom, three bathroom home offers hardwood floors, playful windows, updated kitchen with stainless steel appliances and granite counter tops. 

"Treehouse-like" upper level master with gas fireplace. All this nestled in a tranquil location just steps away from the bike path, Glenwood Park and Monroe Street retail.

For more information or to schedule a private tour, call or text me at (608-2333-4406.